Virtu Financial Inc (VIRT) Stake Boosted by Advisor Group Inc.

Advisor Group Inc. increased its holdings in Virtu Financial Inc (NASDAQ:VIRT) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,062 shares of the financial services provider’s stock after acquiring an additional 1,013 shares during the period. Advisor Group Inc.’s holdings in Virtu Financial were worth $233,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AlphaCrest Capital Management LLC acquired a new position in shares of Virtu Financial in the fourth quarter valued at approximately $234,000. Bremer Trust National Association acquired a new position in shares of Virtu Financial in the fourth quarter valued at approximately $125,000. Private Advisor Group LLC grew its position in shares of Virtu Financial by 9.3% in the fourth quarter. Private Advisor Group LLC now owns 37,135 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 3,160 shares during the last quarter. BlackRock Inc. grew its position in shares of Virtu Financial by 1.0% in the fourth quarter. BlackRock Inc. now owns 2,289,698 shares of the financial services provider’s stock valued at $58,983,000 after purchasing an additional 23,174 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Virtu Financial by 107.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 290,000 shares of the financial services provider’s stock valued at $7,470,000 after buying an additional 150,000 shares during the period. 55.70% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Douglas A. Cifu sold 127,088 shares of Virtu Financial stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $26.31, for a total value of $3,343,685.28. Following the completion of the transaction, the chief executive officer now directly owns 138,544 shares in the company, valued at approximately $3,645,092.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 73.50% of the stock is currently owned by insiders.

VIRT has been the subject of several recent research reports. ValuEngine upgraded Virtu Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, December 25th. BidaskClub upgraded Virtu Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 27th. Goldman Sachs Group upgraded Virtu Financial from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Friday, January 4th. Morgan Stanley set a $27.00 target price on Virtu Financial and gave the company a “hold” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research upgraded Virtu Financial from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Saturday, January 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.36.

Shares of VIRT stock traded up $0.19 during trading hours on Wednesday, hitting $25.12. 751,512 shares of the company were exchanged, compared to its average volume of 776,781. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.61. Virtu Financial Inc has a 52-week low of $19.65 and a 52-week high of $36.55. The firm has a market cap of $4.73 billion, a P/E ratio of 12.82, a PEG ratio of 3.00 and a beta of -0.73.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Virtu Financial had a net margin of 15.39% and a return on equity of 24.62%. The company had revenue of $299.20 million during the quarter, compared to analyst estimates of $292.87 million. During the same quarter last year, the business posted $0.22 EPS. Virtu Financial’s quarterly revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts expect that Virtu Financial Inc will post 1.68 EPS for the current year.

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Virtu Financial Profile

Virtu Financial, Inc, together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The company's Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities.

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Institutional Ownership by Quarter for Virtu Financial (NASDAQ:VIRT)

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